ConectiSys Strategic Alliance Agreement

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ConectiSys Strategic Alliance Agreement

 
21.11.06 15:46
TUESDAY, NOVEMBER 21, 2006 8:02 AM
- Market Wire

VALENCIA, CA, Nov 21, 2006 (MARKET WIRE via COMTEX) -- ConectiSys Corporation (CNES) , a developer of automatic meter reading technologies, announced today that it has completed an agreement for a Strategic Alliance with Trimark Associates of Folsom, California. Trimark is licensed in California and other states to provide Meter Service Provider (MSP) and Meter Data Management Agent (MDMA) services to commercial, industrial and residential electric customers.

Robert Spigno, the Company's President and CEO, commented that, "This Agreement between the two companies will allow Trimark to provide MDMA and MSP services for ConectiSys. These services will fill a need for ConectiSys and complete the triumvirate of services (meter technology, meter installation and data management and billing) required for ConectiSys to be a full-service AMR provider."

In addition to the MDMA and MSP services, Trimark and ConectiSys, under the guidelines of this alliance, have also agreed to pursue together the following areas of mutual interest:


--   A Joint Marketing effort whereby each company will identify commercial
    opportunities for each other's products.

--   Trimark currently builds electric revenue meters for large electric
    generation customers in California. ConectiSys and Trimark have agreed to
    form a Joint Venture to further develop these meters and their associated
    software for deployment throughout the Untied States.



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